Comfort Inn & Suites Saratoga Springs, NY

Listing Agents

Sean Banilivy
T | 516.456.7525
sbanilivy@paramountlodging.com

Brent Clemens
T | 312.402.2959
bclemens@paramountlodging.com

Detailed Information
Property Highlights

UNDER CONTRACT

  • Fee simple interest in the 85-room Comfort Inn & Suites Saratoga Springs, NY offered for purchase through an REO sale
  • Offered unencumbered by management and debt at a significant discount to replacement cost
  • Strong operational upside in purchasing from lender, completing the PIP, and retaining the Comfort Inn & Suites brand for a long-term license
  • Subject Hotel runs parallel with Interstate-87 and is located 2.5 miles from downtown Saratoga Springs
  • Ideally located in in Saratoga Springs, a hub for thoroughbred horse racing and home to the Saratoga Race Course
  • Proximate to all local demand, including Saratoga Spa State Park, Saratoga Hospital, Skidmore College, Saratoga Performing Arts Center, Saratoga Spring Water Company, Quad Graphics, Ball Corporation, Saratoga Casino and Wilten Mall
  • 2021 marked the sixth consecutive season of more than 1 million paid attendees at Saratoga Race Course
  • Saratoga Springs continues to experience unprecedented annual visitor activity and according to the Saratoga County Chamber of Commerce, the Saratoga Performing Arts Center will draw up to 500,000 people this summer and Saratoga Casino draws up to 2,000,0000 visitors annually
  • The Subject Hotel benefits from its proximity to broader leisure demand including Lake George and the Adirondack Mountains. It is estimated that 7.1 – 12.4 million people visit the Adirondacks each year and up to six million people visit Lake George annually
  • Saratoga County lies at the heart of eastern New York State’s recognized Tech Valley – In April 2021, GlobalFoundries, a company specializing in the semiconductor industry, moved its headquarters from Silicon Valley to its most advanced semiconductor-chip manufacturing facility located 13 miles from the Subject Hotel
  • As of the 2020 U.S. Census, the Saratoga County’s population increased to approximately 236,000 representing a 7.2% increase from the 2010 population of 220,000
Location